Legato Capital Management LLC Sells 6,208 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Legato Capital Management LLC decreased its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 54.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,289 shares of the semiconductor company's stock after selling 6,208 shares during the quarter. Legato Capital Management LLC's holdings in Texas Instruments were worth $992,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments during the third quarter valued at approximately $28,000. Financial Life Planners acquired a new position in shares of Texas Instruments during the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC bought a new stake in Texas Instruments in the fourth quarter valued at approximately $27,000. Tsfg LLC lifted its holdings in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 82 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Texas Instruments during the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Stock Performance

TXN stock traded up $2.23 during trading hours on Monday, hitting $183.03. 4,136,730 shares of the stock were exchanged, compared to its average volume of 7,088,853. The company has a 50-day simple moving average of $188.18 and a two-hundred day simple moving average of $197.31. The firm has a market capitalization of $166.96 billion, a P/E ratio of 35.27, a P/E/G ratio of 2.95 and a beta of 0.97. Texas Instruments Incorporated has a 12 month low of $158.90 and a 12 month high of $220.38. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter last year, the business earned $1.49 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.38 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is currently 104.82%.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 590 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on TXN. Robert W. Baird cut their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Truist Financial lowered their price target on Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company cut their price target on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Barclays lowered their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Finally, Evercore ISI raised their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Texas Instruments has an average rating of "Hold" and an average target price of $209.20.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.